LOKM

Failed

Live Oak Mobility Acquisition Corp.

Raised
$200M
CIK
1841585
SPAC Ticker
LOKM.U
Focus
Mobility, Transportation, Logistics, Unicorns
External link: SEC Filings

SPAC Team

Leadership

Bob Ferguson will serve as our Chairman as of the effective date of the registration statement of which this prospectus forms a part. Mr. Ferguson is the chief executive officer and a founder of the Hawksbill Group, a global diversified business and communications consulting firm based in Washington, D.C. Mr. Ferguson has more than 25 years of experience in the private and government sectors, having held numerous senior-level positions in communications and government relations, marketing, and telecommunications sales and services. Prior to founding the Hawksbill Group, Mr. Ferguson served as Senior Vice President of Global Public Policy at GM. During his six-year tenure at GM, Mr. Ferguson held several senior officer positions, including Senior Executive of Cadillac Motor Company. Mr. Ferguson’s experiences at GM were formative in helping to share a thesis around the opportunity within Mobility and Motion Technology. Mr. Ferguson was the Senior Strategist for the business advisory firm Public Strategies, Inc. in Austin, Texas, where he provided counsel to clients such as the International Olympic Committee. He joined Public Strategies from AT&T, Inc., where he worked for more than a decade and served in several key corporate leadership positions, including communications, government relations and business network operations. Prior to joining AT&T, Mr. Ferguson worked as Senior Vice President and General Manager at Fleishman-Hillard Inc, where he was a Senior Partner. He served as the Senior Consultant to SBC companies on all communications issues and developed and implemented crisis management plans for several Fortune 250 companies. Before joining Fleishman-Hillard, Mr. Ferguson was the chief of staff to John Ashcroft, during his second term as governor of Missouri. Mr. Ferguson holds a Bachelor’s degree in Communications from Evangel University in Springfield, Missouri. He is well-qualified to serve on our board due to his extensive executive experience in the automotive industry and investment and policy background.

John P. Amboian will serve as a member of our board of directors as of the effective date of the registration statement of which this prospectus forms a part. From May 2020 to December 2020, Mr. Amboian served as a director of Live Oak Acquisition Corp. (NYSE: LOAK), a blank check company, that announced on December 29, 2020 that it had consummated an initial business combination with Meredian Holdings Group, Inc., a Georgia corporation d/b/a Danimer Scientific, a leading developer and manufacturer of biodegradable plastic materials. Upon the closing of the transaction, LOAK was renamed Danimer Scientific, Inc., and its Class A common stock and warrants began trading on the NYSE under the symbols “DNMR” and “DNMR WS”, respectively. Mr. Amboian continues to serve as a director of Danimer Scientific, Inc. From December 2020 to the present, Mr. Amboian has served as the chairman of Live Oak Acquisition Corp. II (NYSE: LOKB), a blank check company, that consummated its initial public offering of $253,000,000 in December 2020. LOKB is currently seeking to consummate an initial business combination.

Mr. Amboian is a business leader with over 30 years of experience in mergers and acquisitions, capital management, product development, branding, and distribution for both privately held and public companies, across multiple industries. He served as Chairman and Chief Executive Officer of Nuveen Investments, Inc., or Nuveen (formerly NYSE: JNC), from 2007 to 2016. He was President of Nuveen from 1999 through 2007 after joining as its Chief Financial Officer from 1995 to 1999. During his time in leadership positions at Nuveen, Mr. Amboian participated in over 20 M&A and capital markets transactions, in addition to playing a leading role in Nuveen’s sale to an investment group led by Madison Dearborn, in 2007 and Nuveen’s sale process to TIAA (Teacher’s Insurance and Annuity Association of New York) in 2014. Mr. Amboian served on the Nuveen Mutual Funds board from 2007 through 2016 in addition to serving on Nuveen Investments’ public board from 1996 through 2007. Prior to Nuveen, Mr. Amboian was the Chief Financial Officer and Senior Vice President of Strategy of the Miller Brewing Company. He began his career in Corporate and International Finance at Kraft Foods, Inc., where he ended his tenure as Treasurer. Since 2013, Mr. Amboian has served at Madison Dearborn Partners as an industry advisor and is an Independent Director of the general partnership of Adams Street Partners, a private-markets investment firm. Additionally, since 2017 Mr. Amboian has been a senior advisor to Estancia Capital and since 2018 chaired the board of North Square Investments, a boutique asset management firm. Since 2020, Mr. Amboian has been chairman of Evanston Capital, a hedge fund alternative investment manager, and is on the advisory board of Cresset Capital Management, a wealth management firm. He also advises several small businesses on organic and inorganic growth initiatives through JA Capital Advisors, LLC. He received both his Bachelor’s degree and his M.B.A. from the University of Chicago. He is well-qualified to serve on our board due to his extensive finance, investment and operational background.

Tim Lee will serve as a member of our board of directors as of the effective date of the registration statement of which this prospectus forms a part. Mr. Lee is a founder of the Hawksbill Group, a global diversified business and communications consulting firm based in Washington, D.C. Prior to founding the Hawksbill Group, Mr. Lee was GM’s Executive Vice President, Global Manufacturing, and Chairman, GM China. He was also a member of the Opel Supervisory Board and Chairman of Shanghai GM helping to coordinate the GM portfolio offer globally with a focus on returning Opel to profitability. Before taking on these roles, Mr. Lee served as President, GM International Operations and GM Vice President, Global Manufacturing. He earlier served as GM Group Vice President of Global Manufacturing and Labor Relations, focusing on the customer at the place where it all begins – the plant floor. Prior to those assignments, Mr. Lee was GM North America Vice President of Manufacturing and was a member of GM’s North American Strategy Board. While in Zurich, Switzerland, Mr. Lee was GM Vice President of Manufacturing, and was responsible for all GM vehicle manufacturing and assembly plants in Europe. Earlier in his career, Mr. Lee gained additional international experience directing product and manufacturing planning for Isuzu Motors in Japan, where he was named Vice President of Corporate and Product Planning and a member of the board of directors. Tim’s broad automotive experience started as a student intern with GM in 1969. He worked his way from manufacturing, labor relations and personnel positions into various senior manufacturing posts. Mr. Lee served as plant manager at several GM plants in the United States, and was the Executive Director of Manufacturing Engineering. Mr. Lee received a Bachelor of Science degree in Manufacturing Engineering from the GM Institute (now Kettering University) and a Master of Science degree in business administration from Purdue University. He is well-qualified to serve on our board of directors due to his extensive executive experience in the automotive industry both domestically and internationally.

Richard J. Hendrix has been our Chief Executive Officer and a member of our board of directors since inception. From January 2020 to December 2020, Mr. Hendrix served as an officer and director of Live Oak Acquisition Corp. (NYSE: LOAK), a blank check company, that announced on December 29, 2020 that it had consummated an initial business combination with Meredian Holdings Group, Inc., a Georgia corporation d/b/a Danimer Scientific, a leading developer and manufacturer of biodegradable plastic materials. Upon the closing of the transaction, LOAK was renamed Danimer Scientific, Inc., and its Class A common stock and warrants began trading on the NYSE under the symbols “DNMR” and “DNMR WS”, respectively. Mr. Hendrix continues to serve as a director of Danimer Scientific, Inc. From August 2020 to the present, Mr. Hendrix has served as the chief executive officer and a member of the board of directors of Live Oak Acquisition Corp. II (NYSE: LOKB), a blank check company, that consummated its initial public offering of $253,000,000 in December 2020. LOKB is currently seeking to consummate an initial business combination.

Mr. Hendrix has significant experience in executive leadership, corporate strategy, M&A, capital markets, and corporate finance for public companies. Over the course of his career, Mr. Hendrix has worked extensively with issuers and investors focused on companies in the financial services, real estate, energy, industrial, and business and consumer services sectors. He has led dozens of initial equity offerings for founder-led and sponsor-backed companies primarily within the banking, insurance, and real estate sectors. Additionally, Mr. Hendrix has considerable experience advising chief executives, boards of directors, and large shareholders regarding strategy, capital structure, and capital access. Since March 2020, Mr. Hendrix has served as a board member of America’s Lift Chair Supplier, LLC, a medical equipment supplier. He has significant leadership experience in the financial industry, having served as Chief Executive Officer of FBR & Co., or FBR (formerly NASDAQ: FBRC), a capital markets firm, from 2009 to 2017, and Chairman from 2012 to 2017. Mr. Hendrix helped FBR grow into a leading bookrunner for initial common stock offerings for middle market U.S. companies. While at FBR Mr. Hendrix oversaw the growth of the company and oversaw numerous strategic transactions while in his role as Chairman and Chief Executive Officer at FBR, ultimately executing a merger with B. Riley Financial, Inc. (NASDAQ: RILY) in 2017. Following the merger, Mr. Hendrix served as director of B. Riley Financial until October 2017. Prior to his tenure as Chief Executive Officer of FBR, Mr. Hendrix served as Arlington Asset Investment Corp.’s (NYSE: AAIC) President and Chief Operating Officer from 2004 to 2007 and its Chief Investment Officer from 2003 to 2004. Previously, he was the President and Chief Operating Officer of FBR Asset Investment Corporation and concurrently headed the Real Estate and Diversified Industrials Investment Banking groups of FBR. Prior to FBR, Mr. Hendrix was a Managing Director in PNC Capital Markets’ investment banking group and headed PNC’s asset-backed securities business. Mr. Hendrix is a co-founder and Managing Partner of Live Oak Merchant Partners, a merchant bank providing capital and advisory services to middle market companies across several industries. Mr. Hendrix also currently serves as a Operating Executive to Crestview Partners, a private equity firm, since 2017 and is currently the Chairman of Protect My Car, a portfolio company of Crestview Partners that provides extended auto warranty plans to consumers. Mr. Hendrix’s affiliation with Crestview Partners began with Crestview’s investment in FBR over a decade before. In the last five years, Mr. Hendrix has also been the Founder and Chief Executive Officer of RJH Management Co, a privately held investment management business. Mr. Hendrix received his B.S.in Finance from Miami University. He is well-qualified to serve on our board of directors due to his extensive finance, investment and advisory background.

Gary K. Wunderlich, Jr. has been our President and Chief Financial Officer and a member of our board of directors since inception. From January 2020 to December 2020, Mr. Wunderlich served as an officer of Live Oak Acquisition Corp. (NYSE: LOAK), a blank check company, that announced on December 29, 2020 that it had consummated an initial business combination with Meredian Holdings Group, Inc., a Georgia corporation d/b/a Danimer Scientific, a leading developer and manufacturer of biodegradable plastic materials. From August 2020 to the present, Mr. Wunderlich has served as an officer of Live Oak Acquisition Corp. II (NYSE: LOKB), a blank check company, that consummated its initial public offering of $253,000,000 in December 2020. LOKB is currently seeking to consummate an initial business combination.

Mr. Wunderlich is Co-Founder and Managing Partner of Live Oak Merchant Partners, a merchant bank providing capital and advisory services to middle market companies across a wide range of industries. Prior to co-founding Live Oak in 2017, Mr. Wunderlich was the Founder and Chief Executive Officer of Wunderlich Securities, Inc., or WSI, a full-service investment banking and brokerage firm, from 1996 until its successful merger in 2017 with B. Riley Financial, Inc. (NASDAQ: RILY). Following the merger, Mr. Wunderlich served as a Director of B. Riley from 2017 to July 2018 and remained Chief Executive Officer of WSI (rebranded B Riley Wealth) until November 2018. As Chief Executive Officer of WSI, Mr. Wunderlich was involved in all aspects of company growth from a virtual start-up into a full-service investment bank. In 2011, Mr. Wunderlich, along with WSI and WSI’s Chief Compliance Officer, consented, without admitting or denying the findings therein, to the entry of an SEC order finding that, from 2007 to 2009, as WSI was converting hundreds of its existing fee-based brokerage accounts to investment advisory accounts, in response to regulatory changes affecting certain broker-dealers that provided investment advice, WSI willfully violated the Investment Advisers Act of 1940, or the Advisers Act, and its rules by failing to have adequate written policies and procedures and a code of ethics, and Mr. Wunderlich, who was then WSI’s Chief Executive Officer, willfully aided and abetted and caused such violations. The order also found that WSI willfully violated the Advisers Act and its rules by overcharging advisory clients for commissions and other transactional fees totaling approximately $120,835 in approximately 6,338 separate transactions, which the SEC stated appeared to have occurred primarily due to back-office errors, and by engaging in principal trading without providing certain required disclosures to its clients. Mr. Wunderlich has also been consistently involved in securities industry organizations throughout his career. From 2016 to 2018 Mr. Wunderlich was a member of the Securities Industry and Financial Markets Association’s (“SIFMA”) National Board of Directors. He was also a founding board member of the American Securities Association from its inception in 2016 until 2018. Mr. Wunderlich also served in various capacities with the Financial Industry Regulatory Authority (FINRA) including serving on the National Advisory Board, serving on the District 5 Committee as both a Member and Chairman, and serving as a Member of the National Membership Council. Since March 2020, Mr. Wunderlich has served as a board member of America’s Lift Chair Supplier, LLC, a medical equipment supplier. Since 2005, Mr. Wunderlich has been a member of the Young Presidents’ Organization and participates in the Family Business, Family Office, Financial Services and Entrepreneurship and Innovation Networks. He was inducted into the Society of Entrepreneurs in 2014 and has served as a Director since 2016. He is also the Managing Member of Eighty Park Avenue Partners LLC, a family investment vehicle. Mr. Wunderlich received a B.A.in Economics from the University of Virginia and an M.B.A. from the University of Memphis.

Adam J. Fishman has been our Chief Operating Officer since inception. From 2020 to the present, Mr. Fishman has served as an officer of Live Oak Acquisition Corp. II (NYSE: LOKB), a blank check company, that consummated its initial public offering of $253,000,000 in December 2020. LOKB is currently seeking to consummate an initial business combination. Mr. Fishman is currently a Managing Partner at Live Oak Merchant Partners, a merchant bank providing capital and advisory services to middle market companies across several industries. Mr. Fishman joined the firm from Jefferies LLC, where he was a Managing Director and Head of the Permanent Capital Group, Distribution. Mr. Fishman originated and executed blank check company transactions, including the initial public offering, assisting management in evaluating targets for merger consideration, and structuring and executing PIPE investments to support mergers. He was also responsible for originating and marketing Pre-IPO private placements for companies across all industries. Prior to joining Jefferies, Mr. Fishman was an Executive Vice President and Head of Institutional Brokerage at FBR & Co. FBR was a publicly traded middle market investment bank, specializing in capital raising and securities trading across seven industry groups. Mr. Fishman joined FBR in 2004, steadily expanding his role throughout a 13-year tenure. As a member of the firm’s Executive Committee, Mr. Fishman was a key contributor to the firm’s strategic vision and execution. Mr. Fishman also served on FBR’s Commitment Committee, where he was responsible for analyzing, structuring and selling all public and private investment offerings. Mr. Fishman began his career as an Associate Director in the New York office of CIBC World Markets. Mr. Fishman received a Bachelor of Arts in Sociology from Brandeis University.

Our Senior Advisor

Fritz Henderson will assist us in sourcing and evaluating transaction opportunities. Mr. Henderson, our Senior Advisor, is a principal of the Hawksbill Group, a global diversified business and communications consulting firm based in Washington, D.C. Previously, Mr. Henderson served as Chairman and Chief Executive Officer of SunCoke Energy, Inc., the largest U.S. independent producer of metallurgical coke for the steel industry, from December 2010 until his retirement in December 2017. During that time, he led the company through a successful IPO and subsequent tax-free spinoff from former parent, Sunoco Inc. In May 2013, Mr. Henderson joined the board of directors of Marriott International, where he currently serves as a member of the Nominating and Governance Committee and Chair of the Audit Committee. He joined the board of directors of Adient plc in October 2016, where he currently serves as non-executive Chairman of the Board. He served as interim President and Chief Executive Officer of Adient, plc from June 2018 to September 2018, he joined the board of directors of Horizon Global Corporation in April 2019 and in April 2020 Mr. Henderson joined the board of directors of Arconic Corporation, where he serves as non-executive Chairman of the Board. He is a Trustee of the Alfred P. Sloan Foundation and previously served on the board of directors of Compuware Corporation. Mr. Henderson is an Operating Partner of Atlas Holdings, a private equity firm. Prior to joining SunCoke Energy, Mr. Henderson held numerous senior management positions during his more than 25 years at GM, including President and Chief Executive Officer from March 2009 to December 2009, Chief Operating Officer from March 2008 to March 2009 and Vice Chairman and Chief Financial Officer from January 2006 to February 2008. He also served as a consultant for GM from February 2010 to September 2010. Mr. Henderson began his career with GM in 1984 when he joined the automaker’s corporate treasury office. In 1991, he became Group Vice President of Finance for General Motors Acceptance Corporation and later worked with GM’s global component operations, before being appointed Vice President and Managing Director of GM do Brasil in 1997. In 2000, he was appointed Group Vice President and Regional President of GM Latin America, Africa, and Middle East, before becoming Regional Vice President of GM Asia Pacific in 2002, where he successfully expanded operations in Korea and China. In 2004, Mr. Henderson was appointed Chairman of GM Europe and became GM’s Vice Chairman and Chief Financial Officer in 2006.